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20130117
20130117
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Search Results 0 to 27 of about 28 (some duplicates have been removed)
FOX News
Jan 16, 2013 4:00pm PST
midnight next month. in reality we have already hit that debt ceiling limit. is that so? >> we hit the debt ceiling with the start of the new year. treasury secretary tim geithner managed to pull off manipulation of the numbers which extended any impact of the debt ceiling for a couple of months. even so, critics maintain that the united states government could continue paying off its debts for some months into the foreseeable future based upon tax receipts alone. at least a majority of our debt. but the divisiveness of the two parties at this point in time is setting very bad signals to the credit rating agencies. one of whom has indicated that the united states is right for another credit downgrade based upon the infighting we are seeing on capitol hill alone. bill? >> bill: doug mckelway on capitol hill tonight for us with that fox report. some republicans say the administration is not doing enough to investigate the deadly attacks in benghazi, libya. those attacks killed four americans including our ambassador, the head of the house intelligence committee congressman mike rogers. he say
FOX Business
Jan 17, 2013 12:00am EST
of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, something more in terms of deficit reduction, my guess is the market will kind of shrug it off. they won't get upset. the issue is in the end what happens in the run-up read the politica
FOX News
Jan 17, 2013 1:00pm PST
spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasting consequences, and we didn't even -- we did raise the debt ceiling in the end, but we saw the deficit grow, neil, when there was this threat to -- and so as i said, the coke brothers, the u.s. chamber of commerce, against the debt crisis. >> i always appreciate your coming on. you give as well as you take and i appreciate that. congresswoman jan. >> a warning about the healthcare law. unite health care says its costs are running up. all rise. the judge says your premiums are about to do the exact same thing. so, i guess we shouldn't be surprised. pr
CNBC
Jan 16, 2013 11:00pm EST
leg to go. debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the bottom line. washington fright fest is almost over, people. maybe time to break out the dr. strangelove handbook and learn how to stop worrying and love the irrelevant gridlock that will soon face, once the debt ceiling is raised, and politics cease to be the biggest factor in our investment thinking. kevin in washington, kevin. >> caller: booyah, mr. brilliant one. just a quick question. you know, with the higher cost of foods and energy, and the lower incomes we're all expecting, the average working person, do you think we can return to the dependence on our credit cards? if we are, is mastercard a good buy? >> i like mastercard, my charitable trust owns it, i like ebay, that stock soaring in afterhours. master card is a paper to plastic worldwide trend, not so much whether we get hooked in debt or not. and i've seen a lot of household debt statistics which show how low
FOX Business
Jan 16, 2013 8:00pm EST
a lesson. do the same for the debt ceiling. put young children saying president obamaments to continue to borrow trillion dollars a year. it's a two sided coins that they can learn from. >> the interesting thing, neil, about this is when you talk about the kids, we're talking about, you know, of course, the people of five and six years old or 10 or 15 years old, but don't forget, neil, there's generations not born yet. neil: absolutely. >> still the gleam in the eye; right? that's another point to make. i want to touch on something you were just asking charlie about. you know, one interesting thing about the policies of this president, when you think about it, and you think about the demographic groups the president won, young people, women, hispanics, blacks, young blacks, those, if you look at the official statistics, those are the very groups most victimized by the policies in terms of high unemployment and falling incomes. that's ironic as well. neil: i look, and, you know, i guess i could have critics if they didn't like the president using kids, but, first of all, the kids were t
MSNBC
Jan 17, 2013 1:00pm PST
. that is equivalent to $10 billion more of debt obligations, and the last time we even bellied up to this debt ceiling debate according to the bipartisan policy center, it cost us about $19 billion over ten years because of the very interest rate affect i'm defining. this is a manufactured crisis mentality with the goal of disparaging government and slashing the heck out of social insurance and spending. make no mistakes about it. >> to jared's point, it does nothing to the deficit. >> it makes it worse. >> it makes it worse. >> paul ryan has never been interested in deficit reduction. if you look at the ryan -- >> hang on a second. i just listened to him as the vice presidential candidate going on and on and on about overspending, the country kand afford it, putting debt on the backs of our children. >> it's all bull. if you look at the ryan plan, it had 20% tax cuts in it and it didn't balance the budget for another 30 years. it was not a deficit reduction -- >> let me make a point about that. >> jared, go ahead. >> listen to this. this is underappreciated. the paul ryan budget plan required an incr
MSNBC
Jan 17, 2013 4:00pm EST
the solution to our debt ceiling impasse. he calls it a short-term debt limit extension. you may know it better as kicking the can down the road. which reminds me, there was someone just a few months ago who was famously against that kind of a deal. who was it? >> kick the can. kick the can. kick the can. >> right, of course. that's who it was. joining us is jonathan alter and jared bernstein. welcome to you both. john, we've seen speaker boehner's power getting weaker and weaker. is paul ryan now the de facto head of the gop? >> well, you know, actually, martin, i think he has been much more influential than people realize -- >> because he's been quite quiet publicly. >> going back to 2011. he has so much respect within that republican caucus. he's the guy who killed simpson/bowl simpson/bowles. he was on the simpson/bowles commission and wasn't willing to have any revenue increases. his fingerprints were not on it. and then when it came to the grand bargain, he told john boehner wait until the election. don't do this deal. so this is more of the same from him in his own relatively quiet way b
CSPAN
Jan 17, 2013 5:00pm EST
the last time they did their projections. particularly, the potential for a prolonged debt ceiling fight and the sequestration spending cuts that are still enacted to take place, unless legislation changes in march of this year. how democrat to slow growth is pretty large on the sequestration spending -- and the potential to slow growth is pretty large on the sequestration spending cuts. we see a multiplier from those cuts. the drag from that could be a bit stronger. one thing we did note in our discussions was that a lot of these in from the policy changes are static analyses. we know that confidence effects and multiplier effects could have a bigger impact than some of the policy centers here. >> is it true that the fed has a tendency to overestimate growth? >> i think it is true if you look at the last of the lawyers that they have overestimated growth in the year ahead. -- in the last couple of years that they have overestimated growth in the year ahead. i will not say that is their pattern, but if you look at the record, in the past couple of years they have been a little too optimi
MSNBC
Jan 17, 2013 10:00am PST
, are you also going to be faced almost immediately with the whole crisis over the debt ceiling. not house has been holding really firm. what do you think about coming into this partisan divide coming up here in congress? >> well, i mean, i hope to be part of a freshman class and a group of folks in congress who can take care of the finances and systems without creating more self-inflicted wounds. we know that last time we went through this it hurt the stock market nationally. it hurt our bond ratings. we have to create something that doesn't create this self-inflicted wound every couple of years. >> half of the time, the great castro brothers from texas. thank you very much. we look forward to seeing you when you are here in washington. welcome to congress. >> thank you. thank you. >> and up next, second term challenges. how can president obama work with republicans? mary madeline joining us, and still ahead, the heisman hopeful, and the made-up girl friend. was he a victim or an accomplice? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to wo
CNBC
Jan 17, 2013 4:00am EST
the fiscal position with the debt ceiling and spending negotiations still yet to really happen. and this is just another headwind that the economy seems to be having to face. with that in mind, you know, people are getting optimistic that we'll see a second half recovery. but that's almost in a way hope. there's nothing out there which really -- >> i've said it before, and i'll say it again, but i've heard the second half recovery issues every year. >> every year since the gfw. >> and to be honest with you, we're not seeing anything tangible out there which would indicate, yes, there's definitely going to be a second half pick up. we're expecting 2% growth this year overall. i think the risk is on the down side as opposed to the upside. >> how do you trade that? do you stay away from stocks? >> well, yes. at the moment in short-term, yes. we look at the economic growth potential pushing the rating up and with the corporate earnings still mixed, we think fundamentals are a little bit vulnerable. we think sentiment got quite bullish, which is normally a contrariry sign and we thi
FOX News
Jan 16, 2013 5:00pm PST
as immigration and climate change in the debt ceiling where the gun issue is concerned, we will see rallies and town halls and lots of big gun control type money on tv screens. on the other side of all of this the national rifle association is planning a big ad blitz on its own. first one on the web started in the last day or so. it busts the president for hypocrisy because is he skeptical about the idea of armed guards in schools while his kids go to a private school here in d.c. by the way the house and the hill both know that the president's proposed ban on semiautomatic rifles is din disingenuous that there are not enough votes in the senate. everybody knows it. >> bill: states should control that issue and the feds can put in a law you can't transport them across state lines. that's what they do. all right. rosen now, clarence thomas, supreme court justice, never speaks. he is like the spinks. he never speaks. there he is, not speaking. we have a picture of him not speaking which is not hard to get because he never speaks. but he did break his silence, rosen, on what? >> kind of, sort
FOX News
Jan 17, 2013 3:00pm PST
are huddling in southern virginia. to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior political analyst. brit hume. good evening. >> hi, bret. >> the house republicans are not wrong to seek spending cut to allow borrowing by a treasury more than $16 trillion in debt. but in politics it's not enough to be right. you need to be effective. it requires recognition that politics is a team sport and being united is critical. this is true if the party controls one house of congress and the other party not only has the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some house republ
FOX Business
Jan 17, 2013 1:00pm EST
increase in the debt ceiling. also says despite what some pessimist might say, house republicans still plan to pursue tax reform this year in the house. whew. melissa: it'll be interesting to see the hold up on anything real on the spending cuts side. thank you so much. lori: the anticipation builds. there seems little hope for social security and medicare reform on capitol hill. a group of u.s. have come up and created a plan including raising the age of eligibility for full retirement benefits from 66 to 70 with the way cost adjustments were measured. the plan calls for bumping age of eligibility from 65 to 70 and reducing the benefits available for wealthier participants. sounds good to me. i love working. melissa: it makes logical sense, we are living so much longer now and people are working longer, it is an old any longer. lori: and it doesn't give enough time to put away enough money for the extra decades if you'ree lucky enough to live. melissa: not seeing anything to what you're investing appetite? how about heading to deutsch land. why they think germany is the place to put your m
CNBC
Jan 17, 2013 6:00am EST
now. everyone i talk to is saying i'll deal with the debt ceiling when i get there. actually, if there was a lot on worry there, we wouldn't be going, budding up against 5 1/2 year lows. clearly, people are not paying as much attention to it right now and now we have the gun thing going on out of washington, d.c. so even the people in washington themselves are putting it almost on the back burner for another few weeks. once a week or so, you get an easy statement out of somebody. but i think overall, the market is trading like the market should off the things that matter to the market. the debt ceiling will be a short lift. >> i word when the average person gets engaged again. i wonder how many individuals at home are saying, hon fee, we own some united healthcare. we've been buying it because of obama care and we know everybody is going to be added somehow to be covered. i just don't see that type of interest to -- it's professionals that are trading the market. it's not -- individuals are still not in. >> i agree with you to a point. >> you say something about apple. >> and
CNBC
Jan 17, 2013 3:00pm EST
to be on the eve of a new fight over the debt ceiling. you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing in japan and the japanese stock market starting to reflect that, you're -- you know, you have the japanese government trying to really reboot that economy. you're seeing the chinese government and the new leadership trying to reboot their economy, so, if any, you're going to see probably an accelerated economy n.parts of the world i still think we'll have structural problems in europe and all the uncertainty about the united states so i don't believe it's going to be as bad as it sounds. the u.s. certainly may, but i actually think what's going on are -- and
CSPAN
Jan 17, 2013 12:00pm EST
. >> hello, chairman, i'm a second year -- [inaudible] >> second question, does the debt ceiling have a practical purpose and could it be eliminated without much consequence. >> does what have? >> the debt ceiling. >> oh, no, it doesn't really have -- symbolic value, i guess, but what -- no other country, i believe, maybe one or two other countries, but i think essentially no other countries in the world have this particular institution, just so everybody understands what it is. the congress appropriates a hundred dollars, tells the government to spend a hundred dollars on whatever, and then it raises $80 in revenue through its tax code. now the math here says, you know, go to the go borrow $20; right? no, congress has a third rule saying 100 minus 80 equals 20. if the congress is approving spending and approving taxing, and those two things are not equal, then it's logically that there's got to be something to make up the difference, and that difference is borrowing. now, i'm not saying the deficit and debts are good thing. i'm not saying that at all, but the way to address it is by
CSPAN
Jan 17, 2013 1:00pm EST
of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they allr today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have you nan hit in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public in a way i have never see
NBC
Jan 17, 2013 7:00am PST
battle over the debt ceiling. >> mary thompson, thank you. >>> one of television's favorite fathers has died. conrad bains played the father on "different strokes." a veteran stage actor, he rose to fame in middle age with the long-running family sitcom. he was 89 years old. a big hit here on nbc. 7:19 right now. back over to matt, savannah and al. >> must-see tv. >> exactly. >>> mr. roker is here. >> a big storm going on down south. live to pearl, mississippi. you can see the snow already on the ground and more on the way. as we take a look and show you what's happening. here is the latest. we have winter storm warnings. winter weather advisories, stretching all the way from jackson, mississippi, to southern new jersey. storm system a fast mover. and a ton of snow. and from the west to the east. it will dump a lot of rain. snowfall amounts, some areas picking up 6 to 12 inches of snow and rainfall to the south of it. anywhere from 3 to 5 inches of rain. that's your latest weather. we'll get your local forecast, right after this. t right after this. ♪ ♪ ♪ ♪ [ female announcer ]
NBC
Jan 17, 2013 7:00am EST
the fiscal cliff and the looming battle over the debt ceiling. back to you. >> mary thompson at the new york stock exchange. thank you. >>> one of television's favorite fathers has died. conrad bain played phillip drummond on "different strokes," the adopted father of two african-american brothers, played by todd bridges and gary coleman a veteran stage actor, bain rose to fame in middle age with the long-.-running family sitcom. conrad bain was 89 years old. a big hit here on nbc. 7:19 now. back to matt, savannah and al. >> must see tv. >> definitely. >> thanks, matt. >> thanks very much. mr. roker is here. >> a big storm is down south. let's go live now to pearl, mississippi, you can see the snow is already on the ground. they have got more on the way. as we take a look and show you what's happening, here is the latest. we have got winter storm warning, winter weather advisories stretching all the way from jackson, mississippi, just into southern new jersey. storm system's a fast mover but it is going to dump a ton snow east. it will dump a lot of rain. look at some of these snowfall amoun
FOX News
Jan 17, 2013 10:00am PST
in the debt ceiling fight and certainly the fiscal cliff fight. and the other thing, too, the argument for doing this the life expectancy has certainly lengthened and men who were born in 2004 expect today live ten years longer than those born in 1950. and this isn't the magic wand fix for social security, only solves half of social security's funding problems and the fact that you won't hit the casinos at caesars until age 70. i'm not sure that's going to fly. >> megyn: that's how you hit the casino, make money and go on the vacation or on the weekend. if you're retired you don't have a lot of money to spend at the casino. >> and make money and bolster your social security funds and retirement. >> megyn: we had a segment bill and i did, a woman in her 80's working at the 7-eleven overnight doing the cash register and she got robbed, 7-eleven got robbed and the story was something she got down on her knees and prayed to jesus he would save her and the crooks felt bad and left. and you know, let her stay safe. and i made the comment on the air, to the effect of, what's an 80-plus-year-o
MSNBC
Jan 17, 2013 3:00am PST
to that solution, that idea, you could -- you would find that we could work out the debt ceiling. we could put all this drama and theater aside. but anyone who thinks we don't ever need to balance our budget, i think has disqualified themselves from a discussion here. >> we will certainly continue that discussion even though we didn't talk about it that much this morning, moving forward. i think you and i certainly on that issue probably agree much on just about everything. thank you so much, jim demint. we greatly appreciate you being here. >> thanks, joe. >> i've got to say, tom, it is fascinating to me, disturbing, but fascinating how it's hard to find a senator that says, you know what? i love my job. i feel like i'm really accomplishing something. i get such depressing reports from inside the senate. and i know you do, too. >> i do. almost every senator i talk to just is enormously frustrated. a lot of them like demint are leaving. olympia snowe left because she felt she couldn't get anything done. she'll be replaced by angus king, an independent from maine. when she was leaving i thought to
Search Results 0 to 27 of about 28 (some duplicates have been removed)